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M3 Homework Due Today at 11:59 PM EDT Assig Assignment Score 128% Save Submit Assignment for Grading Questions Problem 7.17 18. 19 20. Question 20

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M3 Homework Due Today at 11:59 PM EDT Assig Assignment Score 128% Save Submit Assignment for Grading Questions Problem 7.17 18. 19 20. Question 20 of 20 Check My Work o Click here to read the eBook: Bond Yields Click here to read the eBook: Changes in Band Values over Time ND RETURNS BO Last year Janet purchased a S 1,000 face value corporate bond with an 12% annual coupon rate and a 15-year matrty. At the eme of the purchase it had a eeee eyed to maturity of 12.04%. If Janet sold the bond today for $923.01, what rate of return would she have earned for the past year? Do not round intermediate calculations. Round your answer to two decimal places -5.16 % Hide Feedback Incorrect esc

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